SailPoint, Inc. Files 8-K: Officer Changes, Bylaw Amendments

TL;DR

SailPoint's 8-K drops: exec shakeup, bylaw changes, and fiscal year reset.

AI Summary

On February 12, 2025, SailPoint, Inc. entered into a material definitive agreement related to the appointment of certain officers and compensatory arrangements. The company also filed amendments to its articles of incorporation or bylaws and reported a change in its fiscal year end to January 31st. This filing also details the departure of directors or certain officers and the election of new directors.

Why It Matters

This 8-K filing indicates significant internal governance changes at SailPoint, Inc., including executive and director shifts and amendments to corporate bylaws, which could impact strategic direction and operational management.

Risk Assessment

Risk Level: medium — Changes in executive officers, directors, and bylaws can signal internal shifts that may affect company strategy and performance.

Key Numbers

• 001-42522 — SEC File Number (Identifier for SailPoint's SEC filings)
• 88-2001765 — IRS Employer Identification No. (Tax identification for SailPoint)

Key Players & Entities

• SailPoint, Inc. (company) — Registrant
• February 12, 2025 (date) — Date of earliest event reported
• January 31st (date) — New fiscal year end
• Delaware (jurisdiction) — State of incorporation

FAQ

From the Filing

0001193125-25-029643.txt : 20250219 0001193125-25-029643.hdr.sgml : 20250219 20250219163048 ACCESSION NUMBER: 0001193125-25-029643 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20250212 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Material Modifications to Rights of Security Holders ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250219 DATE AS OF CHANGE: 20250219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SailPoint, Inc. CENTRAL INDEX KEY: 0002030781 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 882001765 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-42522 FILM NUMBER: 25640681 BUSINESS ADDRESS: STREET 1: 11120 FOUR POINTS DRIVE STREET 2: SUITE 100 CITY: AUSTIN STATE: TX ZIP: 78726 BUSINESS PHONE: (512) 346-2000 MAIL ADDRESS: STREET 1: 11120 FOUR POINTS DRIVE STREET 2: SUITE 100 CITY: AUSTIN STATE: TX ZIP: 78726 FORMER COMPANY: FORMER CONFORMED NAME: SailPoint Parent, LP DATE OF NAME CHANGE: 20240717 8-K 1 d825799d8k.htm 8-K 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 12, 2025 SailPoint, Inc. (Exact name of registrant as specified in its charter) Delaware 001-42522 88-2001765 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 11120 Four Points Drive, Suite 100 Austin, Texas 78726 (Address of principal executive offices) (Zip code) Registrant’s telephone number, including area code: (512) 346-2000 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.0001 per share SAIL The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01 Entry into a Material Definitive Agreement. Underwriting Agreement On February 12, 2025, SailPoint, Inc. (the “Company”) and certain existing stockholders of the Company (the “Selling Stockholders”) entered into an underwriting agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC, as representatives of the several underwriters named therein (collectively, the “Underwriters”), relating to the initial pu